Title

股权结构、董事会治理与上市公司高管违规行为―我国上市公司高管人员“落马”现象的实证分析

Translated Titles

Ownership Structure, Board of Directors' Governance and Top Management Fraud in Listed Companies-Empirical Analysis Based on Chinese Cases

Authors

周好文(Hao-Wen Zhou);李纪建(Ji-Jian Li);刘婷婷(Ting-Ting Liu)

Key Words

上市公司 ; 股权结构 ; 董事会 ; 高管违规 ; Listed companies ; Ownership structure ; Board of directors' governance ; Top management fraud

PublicationName

當代經濟科學

Volume or Term/Year and Month of Publication

28卷6期(2006 / 11 / 15)

Page #

71 - 79

Content Language

簡體中文

Chinese Abstract

本文采集了2004年1月~2006年1月期间公开披露高管人员违规落马现象的31家上市公司作为研究样本,通过逻辑回归模型对股权结构、董事会治理与上市公司高管违规行为进行了实证分析。研究表明,股权集中度与上市公司高管违规成显著正相关;董事会规模、高管薪酬、学历构成、内部人控制等因素与上市公司高管违规有显著相关关系。治理上市公司高管违规,应重点从股权结构和董事会治理上取得实效。

English Abstract

Numerous top management frauds have attracted extensive attention in Chinese listed companies. This paper examines the relation between top management fraud, ownership structure and board of directors' governance. Based on selected 31 cases from fraud companies through 2004-2006, we conduct an empirical study with binary Logistic Regression. We find that equity concentration has a positive correlation with top management fraud, that board scale, top management salary, education background and internal control have significant relation with fraud. The paper gives some theoretic explanation and proposes a tentative solution.

Topic Category 社會科學 > 經濟學